Individual Income Tax Depreciation  

This course covers depreciation for all types of depreciable property, including the impact made by the Tax Cuts and Jobs Act (TCJA) of 2017 (P.L. 115-97), the One Big Beautiful Bill Act (OBBBA) of 2025 (P.L. 119-21), as well as more recent legislation. It includes the latest rules related to Section 179, including expensing for qualified real property. This course covers depreciation of tangible personal property, including issues concerning the MACRS recovery periods, additional first year depreciation, and modifying conventions. It also covers depreciation in the year of disposition and the alternative depreciation system. This course covers the discussion of depreciation of tangible personal property, real property, improvements to land, and leasehold improvements, and concludes with a case study that will review the majority of depreciation concepts. Finally, this course covers the treatment of bonus depreciation under OBBBA. This intermediate level course is most appropriate for the professional with detailed knowledge of depreciation for taxation or the professional seeking to expand his or her knowledge base and who may be at a mid-level position within an organization with operational or supervisory responsibilities, or both.

By proceeding to the examination, you acknowledge and confirm that you have completed the required coursework.